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Tapestry, Inc. (TPR)
| Previous close | 40.31 |
| Open | 39.87 |
| Bid | 39.66 x 800 |
| Ask | 39.67 x 1100 |
| Day's range | 38.73 - 39.92 |
| 52-week range | 25.99 - 48.80 |
| Volume | |
| Avg. volume | 3,874,227 |
| Market cap | 9.116B |
| Beta (5Y monthly) | 1.60 |
| PE ratio (TTM) | 10.01 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 1.40 (3.47%) |
| Ex-dividend date | 07 Mar 2024 |
| 1y target est | N/A |
- Barrons.com
FTC Blocks Tapestry, Capri $8.5 Billion Merger. Stocks Dip.
Regulators argue the deal would eliminate competition in the market for less expensive luxury handbags.
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- Associated Press Finance
Federal Trade Commission sues to block Tapestry's $8.5B acquisition of Capri
The Federal Trade Commission sued to block Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Ltd., saying that the deal would eliminate direct head-to-head competition between the fashion companies' brands like Coach and Michael Kors in the so-called affordable luxury handbag arena. The combined Tapestry and Capri would employ roughly 33,000 people worldwide, the agency said. “With the goal to become a serial acquirer, Tapestry seeks to acquire Capri to further entrench its stronghold in the fashion industry,” said Henry Liu, director of the FTC’s bureau of competition in a statement.
